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Hexatronic Group AB
(HTRO)
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Rating:56Neutral
Price Target:
kr41.00
▼(-0.75% Downside)
Action:Reiterated
Date:07/16/26
The score is held back primarily by the sharp profitability and margin deterioration to near-breakeven levels, despite acceptable leverage. Supporting the rating are resilient operating/free cash flow and a constructive price trend above major moving averages, while valuation remains unattractive/unclear due to negative earnings and no stated dividend yield.
Positive Factors
Fiber infrastructure positioning
Hexatronic operates in the essential fiber infrastructure layer, supplying both components and integrated solutions to network builders. This broad offering can support recurring participation in broadband expansion and upgrade cycles while increasing customer utility through bundled, simpler deployments.
Negative Factors
Severe gross-margin compression
The sharp margin reset suggests that prior profitability has not been sustained, whether because of pricing, product mix, costs or other operating pressures. Unless margins recover, revenue growth will generate less gross profit and leave less room to absorb overhead or invest for expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Fiber infrastructure positioning
Hexatronic operates in the essential fiber infrastructure layer, supplying both components and integrated solutions to network builders. This broad offering can support recurring participation in broadband expansion and upgrade cycles while increasing customer utility through bundled, simpler deployments.
Read all positive factors
Hexatronic Group AB (HTRO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr9.28B
Dividend Yield0.13%
Average Volume (3M)1.23M
Price to Earnings (P/E)210.2
Beta (1Y)0.93
Revenue Growth4.60%
EPS Growth-89.25%
CountrySE
Employees2,106
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.20
Shares Outstanding221,448,650
10 Day Avg. Volume1,013,608
30 Day Avg. Volume1,234,463
Financial Highlights & Ratios
PEG Ratio3.25
Price to Book (P/B)1.38
Price to Sales (P/S)0.65
P/FCF Ratio9.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr50.00Price Target Upside21.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.26
Revenue Forecast (FY)kr8.37B
Hexatronic Group AB Business Overview & Revenue Model
Company Description
Hexatronic Group AB (publ), founded in 1972 and headquartered in Gothenburg, Sweden, is a global entity dedicated to the full spectrum of fiber communication solutions, from conception and development to manufacturing, marketing, and sales. The co...
How the Company Makes Money
Hexatronic makes money primarily by selling fiber-optic infrastructure products and turnkey solution packages used in the build-out of fiber broadband and telecom networks. Its core revenue comes from supplying physical network components—such as ...
Hexatronic Group AB Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.92B | 7.25B | 7.59B | 8.15B | 6.57B | 3.49B |
| Gross Profit | 1.73B | 87.00M | 3.17B | 3.50B | 2.88B | 1.53B |
| EBITDA | 968.00M | 476.00M | 1.10B | 1.64B | 1.26B | 486.80M |
| Net Income | 45.00M | -14.00M | 346.00M | 848.00M | 795.00M | 253.10M |
Balance Sheet | ||||||
| Total Assets | 9.45B | 8.06B | 8.96B | 8.73B | 7.39B | 4.72B |
| Cash, Cash Equivalents and Short-Term Investments | 694.00M | 661.00M | 633.00M | 813.00M | 552.00M | 675.10M |
| Total Debt | 2.64B | 2.69B | 3.07B | 3.49B | 2.35B | 1.92B |
| Total Liabilities | 5.01B | 4.59B | 4.91B | 5.30B | 4.58B | 3.07B |
| Stockholders Equity | 4.41B | 3.44B | 4.02B | 3.40B | 2.77B | 1.64B |
Cash Flow | ||||||
| Free Cash Flow | 608.00M | 487.00M | 596.00M | 426.00M | 190.50M | -97.60M |
| Operating Cash Flow | 714.00M | 585.00M | 921.00M | 944.00M | 669.50M | 104.70M |
| Investing Cash Flow | -795.00M | -272.00M | -508.00M | -1.43B | -1.10B | -1.15B |
| Financing Cash Flow | 282.00M | -199.00M | -612.00M | 770.00M | 270.60M | 1.51B |
Hexatronic Group AB Technical Analysis
Positive
41.31
Price Trends
39.81
Positive
40.20
Positive
35.45
Positive
Market Momentum
0.72
Negative
57.56
Neutral
60.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HTRO, the sentiment is Positive. The current price of 41.31 is above the 20-day moving average (MA) of 40.02, above the 50-day MA of 39.81, and above the 200-day MA of 35.45, indicating a bullish trend. The MACD of 0.72 indicates Negative momentum. The RSI at 57.56 is Neutral, neither overbought nor oversold. The STOCH value of 60.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:HTRO.
Hexatronic Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr320.12B | 12.95 | 23.57% | 3.13% | -7.45% | 42.49% | |
62 Neutral | kr925.82M | -65.02 | -2.24% | ― | -14.51% | -1025.00% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | kr334.98M | 191.00 | ― | 1.05% | 16.73% | 202.62% | |
56 Neutral | kr9.28B | 210.20 | 1.20% | 0.13% | 4.60% | -89.25% | |
53 Neutral | kr718.17M | -225.38 | ― | 0.63% | -9.23% | -111.03% | |
41 Neutral | kr27.64M | -0.54 | -40.84% | ― | -64.68% | -31.59% |
* Technology Sector Average
SE:HTRO
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Hexatronic Group AB Corporate Events
Hexatronic Issues and Repurchases C Shares to Support LTIP 2026
Oct 2, 2026
Hexatronic Group AB has completed the issue and immediate repurchase of 924,800 Class C shares under its LTIP 2026 long-term incentive program, following approval at an Extraordinary General Meeting in August. All C shares were initially subscribe...
Hexatronic appoints Nomination Committee for 2027 AGM
Sep 16, 2026
Hexatronic Group AB has appointed its Nomination Committee for the 2027 Annual General Meeting, following principles set at the 2025 AGM that give the four largest shareholders by voting rights a formal role in the process. The committee includes ...
Hexatronic Reshapes Executive Team as CFO Takes Helm of Fiber Solutions
Sep 1, 2026
Hexatronic Group AB is reshaping its leadership structure as it continues to grow in fiber-based infrastructure, where it delivers scalable, long-life fiber systems for telecom, industrial and data center applications. The group emphasizes custome...
Hexatronic Shareholders Approve New Long-Term Incentive Plan
Aug 26, 2026
Hexatronic Group AB, a Gothenburg-based specialist in fiber solutions for telecom, data centers and challenging environments, focuses on building scalable, durable connectivity infrastructure. Its offerings are supported by expert training and fie...
Hexatronic Updates Share and Vote Structure After LTIP 2023 Conversion
Jul 31, 2026
Hexatronic Group AB has adjusted its share and vote structure following the maturation of its LTIP 2023 incentive programme, under which participants were allotted shares and 21,959 Class C shares were converted into ordinary shares. The change, r...
Hexatronic calls EGM to launch new long-term share incentive plan
Jul 30, 2026
Hexatronic Group AB has called an Extraordinary General Meeting for 26 August 2026 at its Gothenburg head office, inviting shareholders to attend in person or participate via advance voting. The notice details procedures for registration, proxy re...
Hexatronic Converts Class C Shares as 2023 Incentive Plan Matures
Jul 16, 2026
Hexatronic Group AB has completed the maturity of its 2023 long-term incentive programme, allocating performance shares to participants, including the executive management team, who have stated they will not sell their newly allotted shares for no...
Hexatronic Names Oscar Wärme Acting Head of Data Center
Jul 15, 2026
Hexatronic Group AB has appointed Oscar Wärme as acting Head of Data Center and member of the Executive Management Team, effective August 1, 2026, following the departure of current Head of Data Center, Martin Åberg. Wärme, who join...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.